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much rather power this economy with the energy technologies that won't be viable for 30, 40 years from now as opposed to driving the economy with what's viable today. >> phil, this analysis said we could be oil exporters within the next 20 years or some what kind of an impact would that have on our economy as a whole? >> well i think it is going to give us a new form of income. it will lower our trade deficit. we were always concerned about, you know, sending all our money to china for goods and the trade deficit with china, it is not fair. guess what? we're going to be in a distinct advantage over china, not only from a trade standpoint because we're going to be able to provide them with energy they need but also because we're going to be able to attract manufacturing jobs here to the united states. why? because we're going to have the reliable, low-priced energy source for years to come. that's going to bring manufacturing back to the u.s. that will bring factories and jobs. this is historic. i'm euphoric. i've seen it coming for some time. i'm glad the international energy agency is
trained in science, technology, those kinds of things. i think there are exciting opportunities. i think immigration reform has a possibility. >> on competitiveness across the globe, are corporate tax rates too high in america? >> i think they should be brought down but that has got to be part of a bigger deal. we can't just bring them down and not pay for them. it will be closing the subsidies whether it's the oil subsidy, whether it's looking at some of the other ones. so if we could get some grand deal and i think it could happen, where businesses are onboard. not everyone will like it but where you bring the business rates down in exchange for taking those levels on the bush tax cuts for people making over $250,000, clothing subsidies and loopholes and then adding in the spending cuts, that's how we do it and put the business community onboard in part by making these reductions in the corporate tax rate. >> senator klobuchar, congratulations on everything. >> congratulations. good luck. >> okay. >> up next, a big development in u.s. oil production with potentially major implications
Search Results 0 to 3 of about 4 (some duplicates have been removed)